NVIDIA as a company is on solid ground, but its revenue from the sale of graphic cards isn't great. The company made a billion dollars less in gaming revenue in the first half of 2022, compared to the same time period last year. Incidentally, AMD ensured its revenues climbed up by roughly the same amount, suggesting team red picked up what team green lost.
According to
preliminary numbers released by NVIDIA, the company reported $2.04 billion in gaming revenue for the first half of 2022, down from the $3.06 billion it made in 2021. Simply put, NVIDIA's revenues from the sales of graphics cards for gaming have slid 33%.
While founder and CEO of NVIDIA, Jen-Hsun "Jensen" Huang, acknowledged the concerning downturn, he blamed the slowdown on component shortages and “ongoing macroeconomic uncertainty.”
It is interesting to note that these factors seem to have had no negative effect on AMD. The company’s
financial report claims AMD's revenue was $6.6 billion for Q2 2022. With $1.7 billion coming from gaming, the sector is now the company’s second-biggest source of revenue, sitting below computer processors, which earned $2.2 billion.
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